Tokyo Century (USA), a wholly-owned subsidiary of Tokyo Century Corporation, appointed Chris Enbom, CLFP, to the role of CEO, effective April 1. Enbom is currently CEO of AP Equipment Financing, which was acquired by Tokyo Century (USA) in late 2019.
“The acquisition of AP Equipment Financing has allowed Tokyo Century (USA) to quickly grow its footprint in the small ticket commercial equipment finance market in the U.S.,” Tiger Ogawa, president of Tokyo Century (USA), said. “We are excited to have Chris on board to help Tokyo Century achieve even more growth in the U.S. market.”
Tokyo Century (USA) is engaged primarily in financing specialty medium-duty trucks through dealer relationships. AP Equipment Financing is also a player in the medium-duty equipment finance market in the U.S. The two companies together financed more than $400 million in small ticket transactions in 2020. They also manage nearly $1 billion in small ticket equipment financing assets. Ogawa will remain president of Tokyo Century (USA).
“The Tokyo Century (USA) group companies bring a powerful skill set to original equipment manufacturers, dealers and companies seeking equipment and equipment financing,” Enbom said. “I look forward to growing our product offerings and adding services to additional industries as we continue to expand.”
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